Blue Star Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BLUESTARCO, BSE:500067 Blue Star Ltd.

Blue Star Ltd.

08 May 2021

1890.10

-1.93%

Muted operating performance; risks increase in FY22

Sell: Blue Star Ltd.

Target

Motilal Oswal

As expected, BLSTR posted a weak 4QFY21 revenue, with a flat two-year revenue CAGR. EBITDA came in below our estimate as rising commodity costs, coupled with an increase in competitive intensity, weighed on margin. The commentary on RAC industry trends suggests that events like a lockdown in Apr'21 (and the ongoing extension into May'21), rising commodity costs, and higher competitive intensity poses a risk to earnings in FY22. We cut our FY22E/FY23E EPS estimate by 17%/6%. At the CMP, the UCP business of BLSTR is trading at 50x FY23E EPS, thus indicating an...

Blue Star Ltd.'s price crossed below 30Day SMA today

Blue Star Ltd.

08 May 2021

1890.10

-1.93%

Muted operating performance; risks increase in FY22

Sell: Blue Star Ltd.

Target

Motilal Oswal

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Blue Star Ltd.

09 Feb 2021

1890.10

-1.93%

Blue Star Ltd. - Result Update - 09 February 2021

Buy: Blue Star Ltd.

Target

Way2Wealth

BLSTR's Unitary products grew by 17% YoY led by healthy growth in AC and Commercial Refrigeration business. The AC business grew 32% YoY surpassing industry growth of 25% YoY with market share of 13%. Looking to ramp up exports as it intends to participate in the impending PLI scheme. In the EMPS business, cautious execution of the projects based on customer's credit profile and operating cash flow visibility with growth opportunities from metro railways, electrical...

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Blue Star Ltd.

31 Jan 2021

1890.10

-1.93%

UCP performance strong, Project execution disappoints

Sell: Blue Star Ltd.

Recommendation Target

Motilal Oswal

BLSTR's 3QFY21 revenue was 7% below our estimate, with the miss attributable to Electro Mechanical Projects and Services (EMPS) segment. Operating profit stood higher than our estimate on better sales mix and continuation of cost rationalization measures. Net borrowing reduced by INR2.1b to INR1.3b (v/s INR3.4b in 1HFY21 and INR1.3b in 9MFY20). The company continues to maintain higher liquidity in uncertain times as gross debt stood at INR5.9b. The commentary on RAC industry trends suggest improving prospects. We...

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Blue Star Ltd.

29 Oct 2020

1890.10

-1.93%

Blue Star

Sell: Blue Star Ltd.

Recommendation Target

Dolat Capital

Q2 was a gradual improvement over Q1 with revenues down 28% YoY, driven by a dip of 16% in the unitary cooling business at Rs3bn. The project business was down 31%, impacted due to sites with sites operating at 65-70% levels in Q2 as they open up. While revenues came in line, EBIDTA and PAT were better than estimates (Exhibit 1) Both the businesses are expected to show improvement as the economy opens up, with company expecting better H2 margins. The AC business is expected to normalize by Q4FY21, which is the next big...

Blue Star Ltd. is trading above its 200 day SMA of 1874.0

Blue Star Ltd.

05 Aug 2020

1890.10

-1.93%

Focus on working capital management remains key

Neutral: Blue Star Ltd.

Target

Motilal Oswal

5 August 2020 successful in reducing its working capital (WC) cycle in FY20. As % of sales, WC stood at 6.2% in F20 (v/s 10.6% in FY19) due to debtor days declining to 57 days in FY20 (v/s 78 days in FY19). Free cash flow (FCF) generated stood at INR3.7b in FY20, implying FCF/EBITDA of 131% and FCF/Adj. PAT of 252%. Over FY14-20, FCF generation stood strong at INR8.9b, implying 100% FCF/Adj. PAT. BLSTRs products are exported to 18 countries across the Middle East, Africa, SAARC and ASEAN regions. Revenues from abroad doubled to INR5.2b in FY20 (v/s INR2.6b in FY15). Also, share of revenue from abroad now constitutes ~10% of the companys total revenue (v/s 8.

Blue Star Ltd. is trading above its 200 day SMA of 1874.0

Blue Star Ltd.

20 Jul 2020

1890.10

-1.93%

Blue Star

Buy: Blue Star Ltd.

Dolat Capital

The Blue Star AR while addressing the covid-19 impact talks about company's focus on constant innovation, product expansion and dealer engagement. The company revamped its products and brand with Virat Kohli as the brand ambassador in FY20. The company has implemented the BlueStar@80 FY24 strategy; management continuity, constant...

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

13 May 2020

1890.10

-1.93%

Need to tide over COVID-19 challenges to business moat

Neutral: Blue Star Ltd.

Target

Motilal Oswal

13 May 2020 Blue Star (BLSTR) barely managed to report profit in 4QFY20 as shutdown toward end-Mar20 impacted the UCP/EMP segments. Also, BLSTR is looking at debt financing to maintain liquidity in the current challenging times. We have cut our FY21E/F22E earnings by 57%/29% as we factor in likely weak primary sales in the UCP segment in FY21 until inventory weak order inflow and execution in the EMP segment as the company focuses on cash conservation. Our SOTP-based TP stands at We continue to prefer Voltas over BLSTR to play the underpenetrated AC market in India. 4QFY20 revenue declined 18.6% YoY to INR13b and was 16% below expectation. Owing to lack of operating leverage and ECL related provisions in the project business, EBITDA declined 66% YoY to INR373m (63% below est.) EBITDA margin was down 400bp YoY to 2.9% (v/s est. Adj. PAT came in at INR96m, down 88% YoY.

Blue Star Ltd. is trading above its 200 day SMA of 1874.0

Blue Star Ltd.

01 Feb 2020

1890.10

-1.93%

Blue Star Ltd. - Result Update - 01 February 2020

Buy: Blue Star Ltd.

Target

Way2Wealth

Blue Star Ltd. (BLUESTAR) reported strong revenue growth of ~13% YoY to `12,359.1mn, with the EMPS segment registering growth of ~16% YoY to `7,588mn driven by strong execution and cost optimisation measures. The UCP segment grew 7.3% YoY/ 11.4% QoQ to...